Dingdong (Cayman) Ltd ADR

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to the Ding Dong Limited third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. Please note that this event is being recorded. I will now turn the conference over to the first speaker today, Nikki Jung, Director of Investor Relations. Please go ahead, sir.

Thank you. Hello, everyone, and welcome to Dingdong's Third Quarter 2025 Earnings Call. With me today are Mr. Changlin Liang, our founder and CEO, and Mr. Song Wang, our CFO. You can refer to our Third Quarter 2025 financial results on our IR website at ir.100.me. You can also access a replay of this call on our website when it becomes available a few hours after its conclusion. For today's call, management will go through their prepared remarks, which will be followed by a question and answer session. Before we continue, I would like to refer you to our Safe Harbor event in our earnings press release, which also applies to this call, as we will be making forward-looking statements Please note that our numbers stated in the following management prepared remarks are in RMB terms. And we will discuss non-GAAP measures today, which are mostly explained and reconciled to the most comparable measures reported in our earnings release and the findings with SEC. I will now turn the call to our first speaker today, the founder and the CEO of Dingdong, Mr. Liang.

Thank you to all the investors, analysts, and partners who support Dingdong online and offline. Thank you for participating in the Q3 performance meeting of Dingdong Maicai in 2025. Until 2025 Q3, Dingdong Maicai has achieved a profit of 12 consecutive seasons under the non-GAAP standard. Thank you very much. Hello everyone, thank you for participating in Dingdong's Q3 2025 earnings call.